Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – What’s Next?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Monday . 87,432 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 83,621 shares.The stock last traded at $17.35 and had previously closed at $17.23.

Nuveen Churchill Direct Lending Price Performance

The company has a market cap of $939.41 million and a PE ratio of 7.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50 day moving average of $17.18 and a 200-day moving average of $17.41.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.5%. Nuveen Churchill Direct Lending’s payout ratio is currently 76.92%.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $347,400. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of large investors have recently bought and sold shares of NCDL. Farther Finance Advisors LLC raised its holdings in Nuveen Churchill Direct Lending by 119.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after purchasing an additional 1,745 shares during the period. Sunbelt Securities Inc. purchased a new stake in Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $95,000. Catalina Capital Group LLC purchased a new stake in Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $182,000. Dudley Capital Management LLC purchased a new stake in Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $204,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new stake in Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $226,000.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.